Buzzi Unicem announced half-year results, reporting cement volumes increased by 5.4%, driven by the consolidation of UAE operations. The company reported weak demand in the ready-mix concrete market (-4.2%). Revenue remained stable at €2,188.5 million (-1.1% on a like-for-like basis). EBITDA was €482.7 million (-8.2%), with an unfavorable exchange rate effect of €8.9 million and a margin contraction of approximately…
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Command Alkon announced that Francisco Partners, a global investment firm that specializes in partnering with technology businesses, has agreed to acquire a majority stake in Command Alkon from Thoma Bravo, the world’s largest software-focused investment firm. Heidelberg Materials, one of the world’s largest integrated manufacturers of heavy building materials and solutions, will retain its significant minority stake in Command Alkon.…
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In partnership with sister U.S. Department of Energy (DOE) facilities, Oak Ridge National Laboratory (ORNL) has formally opened the Center of Excellence for Advancement and Acceleration of Cement and Concrete Engineering Technologies. Based at the ORNL campus in eastern Tennessee, the ACCENT Center will help strengthen the U.S. cement and concrete supply chain at a time of rising demand, increasing…
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